Tracked iPhone Leads Woman to Confront Thief.

Davido on His Perpetual Thankfulness to Tekno

May 18, 2024

Davido on His Perpetual Thankfulness to Tekno

A video circulating on social media captures a heartfelt revelation by superstar Afrobeats singer Davido, where he expresses his enduring gratitude to his fellow artist, Tekno. The “Unavailable” hitmaker made this emotional disclosure during an interview on the show “Bounce,” hosted by media personality Ebuka Obi-Uchendu.

In the interview, Ebuka asked Davido directly, “Are you grateful to Tekno for ‘If’?” This question referenced the massive hit song “If,” released by Davido in 2017, which played a significant role in revitalizing his career at the time. The track, penned by Tekno, quickly became a global Afrobeats sensation, amassing over 180 million views on YouTube.

Davido’s response was immediate and sincere. He acknowledged Tekno’s crucial role in his career resurgence, saying, “What? Till date, ask Tekno. Tekno brought me back when I did not have a hit for almost a year, bro.” This statement underscored the pivotal moment “If” represented in Davido’s musical journey.

Recalling the events that led to the creation of “If,” Davido shared that Tekno had been persistent about having a song for him. However, Davido’s fondness for nightlife and socializing often caused delays. He recounted, “Tekno kept telling me, ‘David, I got one song,’ but you know me, I like Jaiye (enjoyment). I said, ‘I dey club oh.'”

One night, while Davido was at Quillox, a popular nightclub, Tekno took a decisive step. Davido narrated, “One day, Tekno came to the club to drag me. He came to Quillox to actually drag me.” This act of determination by Tekno led to a breakthrough.

Ebuka interjected, noting Tekno’s evident commitment, “So he really wanted you to do it.” Davido agreed, expressing astonishment at Tekno’s dedication. “I’ve never seen somebody that wants me to do a song like that. Tekno wrote the whole song. The song was recorded. ‘If’ is recorded. There is a Tekno version of it.”

When asked why Tekno was so invested in having Davido perform the song, Davido humbly replied, “I’m a good guy,” implying the mutual respect and belief Tekno had in his talent.

Davido further elaborated on the recording session, highlighting its spontaneity and the state he was in. “Tekno called me, dragged me to his house. I recorded it, drunk as sh!t, and he called me the next day saying, ‘Omo, this thing na hit oh.'”

This candid recounting of the events not only illustrates the strong bond between Davido and Tekno but also emphasizes the significant impact Tekno’s belief and intervention had on Davido’s career. The success of “If” stands as a testament to their collaboration and the magic that can happen when artists support each other

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God is over everything,” says Portable

May 18, 2024

God is over everything,” says Portable after release from police custody.

Controversial Nigerian singer Habeeb Okikiola, popularly known as Portable, has spoken out after his recent arrest over a N14 million car balance. The ‘Zazoo’ hitmaker took to Instagram to express gratitude to God for helping him during his trials.

Portable was granted bail after allegedly buying a N27 million Mercedes Benz and failing to pay the remaining balance. Following his release, he credited God for taking control and vindicating him.

Portable also teased his upcoming song ‘Spiderman,’ inspired by his attempt to evade arrest by vaulting over a gate. The snippet of the song, produced by 2tuponthebeat, was released 48 hours after his release.

Watch video here https://www.instagram.com/reel/C7D7ylwtoxX/?utm_source=ig_embed&ig_rid=c59827de-ebfe-4d81-a852-9742060fb32f

In another video, Portable showed off wads of cash and addressed his haters, captioning it, “Spider Man God is over everything 🙏🙏🙏.”

Reactions from Social Media Users

@goody_fargo_: “Portable don craze button 😂”
@deejayneptune: “Ghen ghen, Spider man 🕷 don enter 🇳🇬 😂”
@jaytunesmoray: “😂😂😂 This guy na really gangster! The way you fly fence reminds me of my childhood!”
@ola________________1: “You buy car #27M come social media come Dey talk say na #50M for the car, you never even pay finish for the car.”

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Wizkid Net Worth, include cars and others (2024)

May 18, 2024

Wizkid Net Worth, include cars and others (2024)

Profile Summary:

Real Name: Ayodeji Ibrahim Balogun
Stage Name: Wizkid
Date of Birth: 16th July 1990
Place of Birth: Surulere, Lagos
Net Worth (2024): $4 million

Net Worth Growth:

2023: $30 million
2022: $26 million
2021: $21 million
2020: $20 million
2019: $15 million
2018: $5 million
2017: $4 million

Sources of Wealth:

Music Sales and Tours: Hits like “Made in Lagos” and international collaborations such as “One Dance” with Drake.
Record Label: Founder of Starboy Entertainment, earning from both his music and his artists.
Endorsements:
- Tecno Mobile: $150,000 deal.
- UBA: $3 million deal.
- Ciroc: Undisclosed lucrative deal.

Cars:

Owns several luxury cars including a Lamborghini Urus.

Houses:

Owns multiple properties in Nigeria and abroad.

Wizkid’s success story highlights his journey from humble beginnings to international stardom, marked by numerous hit albums, successful tours, and lucrative business ventures.

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Seyi Vibes acquires a Lamborghini

May 18, 2024

Singer Seyi Vibez buys a Lamborghini Urus worth millions of naira.

Nigerian singer Seyi Vibez, real name Balogun Afolabi Oluwaloseyi, has acquired a brand new Lamborghini Urus worth millions of naira, marking a significant milestone in his career. Known for his growing success in the music industry, Seyi Vibez, who is also a 2024 BET Award nominee, was seen in a viral video seated in his luxurious new car.

Another video shows the singer sitting atop his Lamborghini, joining other Nigerian artists like Wizkid, Rema, and Burna Boy, who own similar high-end vehicles. This highlights the camaraderie and collective success among Nigerian musicians.

Fans and followers flooded the comments section with congratulatory messages, celebrating Seyi Vibez’s achievement. Here are some reactions:

@Ovoneverleft449: “I know say as him drop that Album, na stunt to buy new ride be that.”
@RichDakvng: “Congratulations to him!! We dey come.”
@Jobless_Captain: “Yet portable is still struggling to pay for his Benz debt omo God plenty abeg.”
@Mrlekan213: “Oya make he bring ham come ikorodu make we flex with ham.”
@Orlermiii: “zino go wan cry, hun think say nah buy 2007 Ferrari.”
@Bennie_oyale: “Is this lucrative music is?? There’s more to this.

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Resource-backed loans are posing a threat to Nigeria’s oil.

May 17, 2024

Resource-backed loans are posing a threat to Nigeria’s oil-dependent economy.

Resource-backed loans, which leverage future natural resource income as collateral, pose a significant risk to Nigeria’s oil-dependent economy, according to experts. These loans are attractive for quick financing but come with hidden dangers. Despite their touted benefits for infrastructure projects, they are criticized for their opaque nature, power imbalances favoring lenders, and potential for exploitation and corruption. Nigeria’s reliance on such loans, exemplified by deals like the NNPC’s $3.3 billion crude-for-cash loan, raises concerns about long-term economic stability. Similar challenges are faced by other African countries, highlighting the need for greater transparency and caution in entering into such agreements.

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$4.5 billion non-oil exports. A lack of proper bill of lading.

May 17, 2024

A lack of proper bill of lading and insufficient knowledge among exporters are hindering Nigeria’s $4.5 billion non-oil exports.

The challenges facing Nigeria’s non-oil exports, particularly concerning incomplete documentation and non-compliance with trade guidelines, are indeed hindering the growth potential of the sector. To address these issues effectively, a comprehensive approach is needed. Here’s a breakdown of potential solutions:

Enhanced Training Programs:
- Implement robust educational initiatives to equip exporters with the necessary knowledge and skills for proper documentation procedures.
- Offer specialized training on completing export documents accurately and adhering to trade regulations.
Stricter Regulatory Enforcement:
- Enforce regulations mandating the completion of essential export documents, such as the Nigeria Export Proceed Form (NXP), Proforma Invoice, and relevant quality certificates.
- Introduce penalties for non-compliance to incentivize adherence to documentation requirements.
Digitalization of Documentation Processes:
- Invest in digital platforms and software solutions to streamline documentation processes and reduce errors.
- Develop an online portal for exporters to access and submit required export documents efficiently.
Stakeholder Collaboration:
- Foster collaboration between government agencies, exporters, shipping companies, and trade associations to address bottlenecks in the export value chain.
- Establish a task force comprising representatives from relevant stakeholders to identify and resolve issues related to documentation and compliance.
Infrastructure Improvement:
- Address logistical challenges, such as delays in transporting export cargo from processing terminals to ports, through infrastructure development and operational efficiency measures.
- Invest in port infrastructure and optimize terminal operations to expedite the movement of export cargo.
Capacity Building and Certification:
- Provide capacity-building programs to enhance exporters’ skills in documentation and compliance.
- Introduce certification programs to recognize exporters who demonstrate proficiency in meeting documentation requirements and adhering to trade guidelines.
Promotion of Best Practices:
- Launch awareness campaigns to promote best practices in export documentation and compliance.
- Share success stories and case studies to illustrate the benefits of proper documentation and compliance with trade regulations.

By implementing these measures collectively, Nigeria can overcome the challenges impeding its non-oil exports and unlock the sector’s full potential for economic growth and diversification.

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Mobile Internet Boom Bypasses Two Thirds of Nigerian Women.

May 17, 2024

Mobile Internet Boom Bypasses Two Thirds of Nigerian Women.

Gender Disparity in Mobile Internet Access: Despite Nigeria’s booming digital landscape, around two-thirds of adult Nigerian women lack access to mobile internet, creating a 38 percent gender gap in smartphone ownership, as highlighted in a report by GSMA.
Mobile Internet Usage Gender Gap: Only 33 percent of adult Nigerian women use mobile internet compared to 52 percent of men, indicating a significant gender disparity in access to digital services.
Global Gender Gap in Mobile Internet Usage: This gender gap in mobile internet access is not unique to Nigeria but is prevalent across low- and middle-income countries (LMICs), with 15 percent fewer women using mobile internet than men.
Challenges to Closing the Gap: Affordability, literacy, digital skills, safety concerns, and data costs pose significant barriers to further mobile internet use for both men and women in Nigeria and other LMICs.

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Resource-Backed Loans Pose Risk to Oil Economy.

May 17, 2024

Resource-Backed Loans Pose Risk to Oil Economy.

Growing Threat of Resource-Backed Loans to Nigeria’s Oil Economy:
- Experts warn of the risks posed by resource-backed loans to Nigeria’s oil-dependent economy.
- Resource-backed loans involve borrowing against future revenues from natural resources like oil or minerals.
- While touted as a financing avenue for infrastructure projects, experts caution against hidden dangers.
Challenges Highlighted by Experts:
- Akinwumi Adesina, President of AfDB, raises concerns about the lack of transparency and challenges in pricing natural resources accurately.
- Unequal negotiations often favor lenders, leading to potential exploitation and corruption.
- Adesina advocates for African countries to reconsider natural resource-backed loans due to associated risks.
Case Study: NNPC’s Resource-Backed Loan:
- NNPC’s $3.3 billion crude-for-cash loan from Afreximbank raised questions about its long-term implications.
- Repayment involves forward sale of Nigeria’s offshore crude oil, with a conservative crude price used for calculations.
Criticism and Concerns:
- Energy experts express skepticism over NNPC’s loan terms and transparency, citing high interest rates and facilitation costs.
- NRGI and other organizations caution against the short-term political motives behind resource-backed loans, leading to severe indebtedness.
Regional and Global Context:
- Several African countries, including Angola, Chad, and Republic of Congo, face severe debt problems due to resource-backed loans.
- China and Western commodity traders are major funders of such loans, raising concerns about transparency and repayment viability.
World Bank Research Findings:
- The World Bank highlights risks associated with collateralized transactions when loan proceeds are not spent on assets that can repay the loans.
- Lack of transparency, excessive loan sizes, and opaque borrowing details are discouraged by the IMF-WB.

Overall, experts urge caution and transparency in engaging with resource-backed loans to avoid exacerbating debt problems and ensure sustainable economic development.

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UPDC’s Q1 Financial Performance Analyzed in 4 Key Metrics.

May 17, 2024

UPDC’s Q1 Financial Performance Analyzed in 4 Key Metrics.

UPDC Plc’s Q1 2024 Financial Performance Overview

Profit Margin:
- Q1 2024: 45.3%
- Q1 2023: -18.2%
- Insight: Significant improvement, indicating higher earnings from sales after costs.
Earnings per Share (EPS):
- Q1 2024: -1 kobo
- Q1 2023: -1 kobo
- Insight: Negative EPS remains unchanged, reflecting continued losses or excessive spending.
Working Capital Ratio:
- Q1 2024: 419%
- Q1 2023: 404%
- Insight: Increased efficiency in converting assets to cash for meeting short-term obligations.
Debt-to-Equity Ratio:
- Q1 2024: 122.7%
- Q1 2023: 127.3%
- Insight: Decreased reliance on borrowed capital, favoring equity financing.

Revenue Breakdown:

Property Sales: N752 million
Project/Asset Management Fees: N3.6 million
UPDC Hotel Limited: N347 million
Facility Management Surcharge: N197 million

Cost of Sales:

Increased by 44% to N648 million from N448 million.

Key Points:

Significant profit margin improvement.
Ongoing losses indicated by negative EPS.
Improved working capital ratio.
Reduced debt-to-equity ratio.
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Mom Flaunts Quintuplets in After 9-Year Journey

May 17, 2024

New Mom Flaunts Quintuplets in Adorable Video After 9-Year Journey.

A beautiful Nigerian lady, identified as Chidinma Amaechi, has been over the moon as she gave birth to five kids at once after years of seeking God’s favor. After nine long years of waiting and hoping, Chidinma’s prayers were answered in the form of quintuplets – three boys and two girls.

In a video making the rounds online, the joyous mother proudly revealed her quintuplets, expressing her profound gratitude and joy. The video, shared on TikTok, showcased Chidinma’s happy moments as she lovingly displayed her five children. The heartwarming clip has captured the hearts of viewers online.

The video shows Chidinma surrounded by her children, all dressed in matching outfits, beaming with joy and contentment. The caption on the video reads, “You are forever my God, everything written about you is great. Not only did He end nine years of barrenness, but He ended it with multiple blessings.”

Social media users who watched the video gushed over the mother and her children, sharing their thoughts and congratulations online. Here are some reactions:

Comrade oz: “Congrats if na me be the man I go first run leave house for Una make I go think first 😂😁”
Young Ricch btc 🇳🇬🇺🇸: “Congratulations ma’am 🎉 May God provide for you and your husband to take good care of them, amen 🙏”
user3242221545065chibaby: “Congratulations 🎉🎉🎉 I tap from your blessing ❤️❤️❤️❤️❤️❤️”
Eddybee💲: “Congratulations ma’am, the same God who made it possible will provide for you and the kids😍🙏”
sunday: “God will give you more money; nothing surpasses God. Believe 🥰🥰🥰🤩🤩🤩😂😂😂🥰🥰”

The heartwarming video and Chidinma’s story of hope and perseverance have inspired many, drawing a flood of positive comments and well-wishes from social media users around the world.

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Reward Offered: N50M for information on Mohbad’s death.

May 17, 2024

Reward Offered: N50M for information on Mohbad’s death.

A video has surfaced online featuring a representative from the Nigerian Foundation offering a N50 million reward for useful information leading to the conviction of those responsible for the death of singer Mohbad. This announcement follows an inconclusive autopsy result, which couldn’t determine the cause of death due to the decomposition of Mohbad’s body. He passed away on September 12, 2023, at the age of 27.

The foundation’s spokesperson, seen in the video, emphasized that someone likely knows the truth about Mohbad’s death and stressed the importance of resolving the case to avoid it becoming another unsolved mystery. The foundation assured the safety of anyone providing information.

Fan Reactions:

kennedyexcel: Suggests that Sam Larry is involved and asks for the reward.
__monialayo: Urges the arrest of several individuals, including Sam Larry, Naira Marley, and others, to uncover the truth.
fruity_apri: Points out that Mohbad’s father claimed to know the killers and suggests he should come forward.
i.karlis: Believes that holding Wunmi (presumably someone close to Mohbad) will lead to a confession.
meekmoses1: Recommends interrogating three boys in a car with Mohbad and his wife and conducting a DNA test on their child.

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Mjay reacts to Kizz Daniel’s public admission of infidelity.

May 17, 2024

Mjay reacts to Kizz Daniel’s public admission of infidelity.

Kizz Daniel’s Admission: During a Q&A session on May 16, 2024, Kizz Daniel admitted his bad habits, including adultery.
Social Media Reaction: His confession sparked widespread reactions, with many expressing surprise and concern for his wife.
Mjay’s Response: Kizz Daniel posted a video on Instagram showing him dancing to his song “Showa” while Mjay joyfully recorded him, indicating she is unbothered by his confession
Reactions
Confession: Kizz Daniel admits to cheating on his wife during a Q&A session on social media.
Mjay’s Reaction: In a video posted on Instagram, Mjay is seen joyfully recording Kizz Daniel dancing to his song “Showa,” showing she is unbothered by his confession.
Social Media Buzz: Fans are surprised by Kizz Daniel’s admission and express various reactions.
Fan Comments: Many fans commented on the video, showing admiration and support for the couple.

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BET Awards 2024:Nominations for Asake, Seyi Vibez, Ayra Starr, Tems, Burna Boy

May 17, 2024

BET Awards 2024: Nominations for Asake, Seyi Vibez, Ayra Starr, Tems, Burna Boy.

The 2024 BET Awards nominees have been announced, featuring several Nigerian artists:

Burna Boy: Nominated for Best Male Hip Hop Artist and Best Male R&B/POP Artist.
Ayra Starr: Leads with three nominations for Best New Artist, Best International Act, and the BET Her Award for her song “Commas”.
Tems: Nominated for Video Director of the Year and Dr. Bobby Jones Best Gospel/Inspirational Award for “Me & U”.
Seyi Vibez: Nominated for Viewer’s Choice: Best New International Act.
Asake: Nominated for Best International Act.

Other notable mentions include Davido and Lojay, who are nominated for the Viewer’s Choice Award for their collaboration on Chris Brown’s “Sensational.

The awards will air live on June 30, celebrating “Standing on Culture.” Voting for the Viewer’s Choice Award begins on June 6.

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Queeneth Hibert’s response to negative scene.

May 17, 2024

Queeneth Hibert’s response to negative scene.

Nollywood actress Queeneth Hilbert responded to criticism about a provocative scene she featured in by sharing a video on Instagram. In the video, Queeneth is seen twerking energetically at a poolside party. The scene generated numerous responses from fans and celebrities, with many expressing concern about the impact on her son.

One netizen questioned how she would explain the video to her child, to which Queeneth responded that her son has “seen worse” and understands her job. She emphasized her focus on her profession and dismissed the concerns, urging to “discuss about money” instead.

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